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BUSINESS
February 4, 1998 | (Bloomberg News)
PacifiCorp of Portland, Ore., sweetened its offer for Britain's Energy Group, offering $10.68 billion in cash and assumed debt. The power company offered $12.62 a share, 11% more than its previous bid in June. That offer expired in August after regulatory delays. PacifiCorp said it would assume $4.1 billion in debt, including Energy Group leasing obligations. PacifiCorp has an edge on two rivals for the company, Texas Utilities Co.
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BUSINESS
February 4, 1998 | (Bloomberg News)
PacifiCorp of Portland, Ore., sweetened its offer for Britain's Energy Group, offering $10.68 billion in cash and assumed debt. The power company offered $12.62 a share, 11% more than its previous bid in June. That offer expired in August after regulatory delays. PacifiCorp said it would assume $4.1 billion in debt, including Energy Group leasing obligations. PacifiCorp has an edge on two rivals for the company, Texas Utilities Co.
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BUSINESS
June 14, 1997 | CHRIS KRAUL, TIMES STAFF WRITER
After announcing the terms Friday of its $9.6-billion agreement to buy Energy Group of Britain, Oregon-based PacifiCorp served notice that it has no intention of stopping there--and that future deals could range from India to California. Indeed, PacifiCorp said it might bid for some or all of the 16 California power plants put on the market by Southern California Edison and Pacific Gas & Electric.
BUSINESS
June 14, 1997 | CHRIS KRAUL, TIMES STAFF WRITER
After announcing the terms Friday of its $9.6-billion agreement to buy Energy Group of Britain, Oregon-based PacifiCorp served notice that it has no intention of stopping there--and that future deals could range from India to California. Indeed, PacifiCorp said it might bid for some or all of the 16 California power plants put on the market by Southern California Edison and Pacific Gas & Electric.
BUSINESS
November 14, 1996 | Times Staff and Wire Reports
Dominion Resources Inc. of Richmond, Va., said it will acquire British utility East Midlands Electricity for $2.1 billion, extending a string of big acquisitions of British power companies by U.S. counterparts. East Midlands, one of Britain's 12 regional utilities, said it accepted Dominion's offer of $11 per share. Dominion is the parent company of Virginia Power. East Midlands shares closed at $10.20, up 18 cents, in London; Dominion shares rose 62.5 cents to $40.
BUSINESS
June 12, 1997 | CHRIS KRAUL, TIMES STAFF WRITER
The prospective bid by PacifiCorp to acquire Britain's biggest electricity distributor is the most dramatic move yet in a strategy that has put the Portland, Ore., utility at the forefront of the rapid transformation of the power industry.
NEWS
August 15, 1988
New England power officials warned that blackouts may occur throughout the six-state region today unless businesses and homeowners conserve electricity amid the heat wave. A shutdown over the weekend of the Maine Yankee nuclear power plant and one of four power generators on Salem Harbor in Massachusetts has worsened the already difficult power situation for most of New England, officials said. The National Weather Service reported that 18 cities in New England reported record high temperatures.
NATIONAL
December 17, 2008 | times wire reports
Students went home for a snow day, stranded travelers waited at airports and drivers slid across icy roads in the second day of a bitter cold wave across much of the nation. A band of snow and sleet fell from Minnesota to New Hampshire. Dozens of schools closed in Kentucky, Arkansas and Tennessee, and some school districts in Illinois sent students home early. More than 300 flights were canceled at Chicago's O'Hare International Airport and about 50 were canceled at Midway Airport, said Department of Aviation spokesman Gregg Cunningham.
NEWS
June 4, 1989 | From United Press International
Several thousand demonstrators sang protest songs and listened to anti-nuclear speeches Saturday in the first of two days of rallies against the imminent start of low-power tests at the Seabrook nuclear power plant. The rally of nearly 4,000 activists at Hampton Beach State Park was a prelude to today's planned protest, in which, organizers said, demonstrators will try to climb fences and block gates at the plant site. The protests were organized by the Clamshell Alliance, an anti-nuclear group that has battled Seabrook since 1976.
BUSINESS
June 12, 1997 | CHRIS KRAUL, TIMES STAFF WRITER
The prospective bid by PacifiCorp to acquire Britain's biggest electricity distributor is the most dramatic move yet in a strategy that has put the Portland, Ore., utility at the forefront of the rapid transformation of the power industry.
BUSINESS
November 14, 1996 | Times Staff and Wire Reports
Dominion Resources Inc. of Richmond, Va., said it will acquire British utility East Midlands Electricity for $2.1 billion, extending a string of big acquisitions of British power companies by U.S. counterparts. East Midlands, one of Britain's 12 regional utilities, said it accepted Dominion's offer of $11 per share. Dominion is the parent company of Virginia Power. East Midlands shares closed at $10.20, up 18 cents, in London; Dominion shares rose 62.5 cents to $40.
NEWS
August 15, 1988
New England power officials warned that blackouts may occur throughout the six-state region today unless businesses and homeowners conserve electricity amid the heat wave. A shutdown over the weekend of the Maine Yankee nuclear power plant and one of four power generators on Salem Harbor in Massachusetts has worsened the already difficult power situation for most of New England, officials said. The National Weather Service reported that 18 cities in New England reported record high temperatures.
BUSINESS
December 28, 1988 | From Associated Press
Public Service Co. of New Hampshire on Tuesday filed a bankruptcy reorganization plan that would leave it federally regulated and able to charge ratepayers for its Seabrook nuclear plant whether or not the reactor ever operates. The company said it will seek rate increases of 30% to 40% over three to five years.
NEWS
June 12, 1987 | Associated Press
The Nuclear Regulatory Commission voted Thursday not to issue a low-power license for New Hampshire's Seabrook nuclear power plant. Commission Chairman Lando W. Zech Jr. said evacuation plans that Seabrook owners submitted for Massachusetts communities within Seabrook's 10-mile emergency planning zone were inadequate. Massachusetts Gov. Michael S. Dukakis refused to submit the plans, so plant owners submitted their own. "The plan itself was simply deficient.
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